Home Insurance in Milano, Texas
Homes in Milano carry a median value of $81,900 - 57% lower than the Milam County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Milano was built around 1965. About 32% of homes were built before 1960, about 12 points above Milam County's 21%.
The housing stock in Milano is 62% single-family homes and 38% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Milano, about 25% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Milano has an owner-occupancy rate of 92% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
Most homes in Milano - 52% - are primarily heated with electricity. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Milam County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Milam County had 52 active NFIP flood policies as of September 2026. See the full Milam County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Texas, the statewide average premium for a standard HO-3 homeowners policy is $2,864 per year (NAIC, 2023 data).
Key figures
| Median home value | $81,900 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 25% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Milam County | 52 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)